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20110724
20110724
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not turn now. >> rupert murdoch call before committee of the british parliament. >> do you accept that ultimately you areesponsible for this fiasco?? >> no. captioned by the national captioning institute --www.ncicap.org-- >> here is the deal -- as we record the prorogram, we don't know how the debt ceiling business will playy out over the weekend, but we have to put our program over the air, so here goes. president obama said this wk that his hopes to elevate the tone to a polilitical discour in washington. >> the way you please run campaigns, the language used, the demonization of the -- the weight we e run campaigigns, the language used, the demonization of the otherer side,e, that has diminished trust and washington. >> anybody who has sat across the negotiating table from him over the past few weeks could be forgiven for being skeptical of them in his attempt to come across as a fiscal moderate. >> that is it senate minority leader mitch mcconnell who has made no secret of his hope that president obama is a one-term president, but as mark said last week, at least he is honest
to the rupert murdoch crisis. >> oh, thank you. >> the prime minister of great britain has said that james murdoch has to come before parliament again and clarify statements. how serious an issue is this being taken at your network? >> well, it's -- you know, it's a story. we've been covering it a lot. thank god i cover wall street and i depth have to report on my boss, but, you know, here's the thing, and if you look at this from a purely business standpoint, you know, the market -- i think the stock fell to 13. 19 was the high. after rupert murdoch spoke, it went up to $17 a share. when they heard his explanation, they believed him. confidence was returning back. i watch a lot of corporate executives go before congress and similar panels and they flub it. you know, they lose confidence in the market and wall street and that did not happen this time. >> actually, you know, the coverage of the fox and "the wall street journal" of this story has been embarrassing for journalism. you know -- >> we've been covering it -- >> editorials inthe wall street journal." forget fox, nobody really expe
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